As a Collateral,the Bill of Lading

question 59

Multiple Choice

As a collateral,the bill of lading:

• A)can be used to advance funds to the exporter by its local bank before or during shipment.
• B)specifies that the carrier is obligated to provide a transportation service in return for a certain charge.
• C)can be used to obtain payment or a written promise of payment before the merchandise is released to the importer.
• D)states that the bank will pay a specified sum of money to a beneficiary,normally the exporter,on presentation of particular,specified documents.

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Definitions:

Sympathetic

Referring to the part of the autonomic nervous system that is responsible for preparing the body for physical activity and coping with stress.

Parasympathetic

Relates to the part of the autonomic nervous system responsible for conserving energy and slowing down the body's responses, in contrast to the sympathetic nervous system, which stimulates activities.

Adrenal Glands

Endocrine glands, located on top of each kidney, that secrete hormones and affect metabolism.

Synaptic Cleft

The space between neurons.